UPI en Espanol
facebook
twitter
account
search
search

Fraud case launched over 2014 Olympics

Aug. 9, 2012 at 5:12 PM

MOSCOW, Aug. 9 (UPI) -- An investigation into alleged fraud over Russia's 2014 Winter Olympics finances has been completed and will be going to trial, officials said Thursday.

The investigation involved the alleged embezzlement of public funds for construction of an Olympic bobsleigh run, RIA Novosti reported.

Construction firm Mostovik allegedly attempted to pocket about $80 million by inflating construction costs, the Russian Interior Ministry said.

There are several other cases being investigated of possible fraud and cost hikes, including the misappropriation of more than $176 million from the central stadium project, officials said.

Related UPI Stories
Top Stories
John Nash and wife, subjects of 'A Beautiful Mind' film, dead in crash
Arizona Sheriff Joe Arpaio requests new judge and public assistance with legal fees
Islamic State says it can soon buy nuclear weapon, smuggle it into U.S.
Malaysia finds mass graves with possibly 'hundreds of skeletons'
Department of Justice releases drone guidelines; protects privacy